FRIDAY, DECEMBER 29, 2006
Minneapolis Star Tribune
"Not principle," says
Nick Coleman.
"Despite lip service to the cause of quality journalism, in the end McClatchy folded like a cheap lawn chair under a steady gale of Wall Street demands." McClatchy was a second-tier newspaper chain before acquiring the Minneapolis paper, says the Strib columnist. "Today, after buying its way into a far better club by using the Star Tribune for leverage, McClatchy has 32 papers and a profit margin of 26 percent."
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McClatchy to transfer Star Tribune Foundation assets to California (Strib)
Posted at 9:06:23 AM
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